Bitcoin Bottom Now - Rise Soon

[Forward_Thinking]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

[Forward_Thinking]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

Again, my charting shows we hit the bottom or at still at the bottom and the rise is next.

No comments? Well I'm going to track if I'm right.

CoinMarketCap:

Price at post: 11,100 (right around there)
Price now: 11,471

[Razick]

The dip is over now. Bitcoin will rise now!

[imapessimist]

I think people will still be cautious.  As last time I think a lot of people lost money.  But I suppose if people buy at this minute they won't lose too much.  But it's not good to buy at the top of the price rise. 

[Forward_Thinking]

The dip is over now. Bitcoin will rise now!

I agree. Thanks for your input.

Since you have been around a long time, any thoughts on the target rise price? If the alts where not so popular, I would target about 13 to 18, but since they are, I'm thinking more 13 to 15 before any new fast rises.

[samcrypto]

The dip is over now. Bitcoin will rise now!

It is starting to pump now and this is a good sign of a bullish pattern, well I hope it will continue now to pump. People who believe bitcoin is will enjoy great profit, and those who buy at a dump price made a right decision.

[Forward_Thinking]

I think people will still be cautious.  As last time I think a lot of people lost money.  But I suppose if people buy at this minute they won't lose too much.  But it's not good to buy at the top of the price rise. 

Yes, good point. Maybe that will reduce the speed of the rise, but there are a lot of people waiting to get back in, so a lot of fiat is sitting on the sidelines.

[Caesar-Giulius]

I do think Bitcoin will rise sooner or later. Do you mind sharing your graph so that we can all learn here.

[Forward_Thinking]

I do think Bitcoin will rise sooner or later. Do you mind sharing your graph so that we can all learn here.

Thanks for asking, but I don't have the chart posted anywhere and I would have to upload it somewhere to show it here.

Basically, the price seems to have gone above the downward trend-line it has been following since 1/15/18. Breaking above that trend is a big shift. Also, my estimate is that on 1/21 the price fell below where the BTC price would have been had December not had such a crazy shot up. I now believe December was an outlier. So, if you remove December's crazy growth, we have now reached (1/21) and then gone under (1/22 to today) where BTC should have been had December not gone crazy.

My estimate of where it would be today, if not for December is 12,500. Since we are both under that line (below 12,500), and also now breaking the downward trend from the past several weeks in an upward manner, I think we have already hit the bottom.

If you don't throw out December, we are due for rise to 18K to 24K which is why you see that number a lot.

I'm doing things differently by suggesting December is an outlier. When you find an outlier in research, you should throw it out.

The December to now drop is 50% (almost). That's not normal for Bitcoin - clearly an outlier. If you remove December, we are right on track for where we should be today, just a little under which should mean growth is coming back soon.

Throw in that people are waiting to jump back in, and who knows where it rises to. But the clearest signs I see are we are at, or already hit the bottom, the floor.

I know I sound sure, but I'm new to charting, so I'm not sure. I'm good at research, but new to charting Bitcoin though I have followed the community for years.

[KingScorpio]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

bitcoin rose at the beginning because the people were so angry with the central banksters,

after the central banksters are gone, bitcoin will be dumped by the market, because it has no social mission and no social meaning, the people simply dump it. why preserve this waste of electricity.

[Forward_Thinking]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

bitcoin rose at the beginning because the people were so angry with the central banksters,

after the central banksters are gone, bitcoin will be dumped by the market, because it has no social mission and no social meaning, the people simply dump it. why preserve this waste of electricity.

Well, first, it will be a very long time until central banks go away. That might never happen. Second, Bitcoin has no mission because it is not an organization. It's a tool. Why do people keep any tool? Because they are using it for something.

Bitcoin is the most supported cryptocurrency and has no risk of going away until it is first removed from the top spot. So, no need to fear until then. In my opinion.

[KingScorpio]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

bitcoin rose at the beginning because the people were so angry with the central banksters,

after the central banksters are gone, bitcoin will be dumped by the market, because it has no social mission and no social meaning, the people simply dump it. why preserve this waste of electricity.

Well, first, it will be a very long time until central banks go away. That might never happen. Second, Bitcoin has no mission because it is not an organization. It's a tool. Why do people keep any tool? Because they are using it for something.

Bitcoin is the most supported cryptocurrency and has no risk of going away until it is first removed from the top spot. So, no need to fear until then. In my opinion.

no central banks can quickly quicker collapse then you think, just check soviet union, or zarist russia,

no, cryptocurrencies that are decentral are becomming more and more like zombi style sects that push their agenda, people will vastly have to develop ways to oppose them, and check why they are valuable

as they are currently opposing central banks, and those enterpreneuers like trump that have access to the financial system and silently develop themselves income sources, while everybody else is trapped to sell his time to them.

[Reid]

Since it went to below 11k dollars I always thought that is the deepest of bitcoin.
Why? Before it rose to fast that is the price it have.
That is my only reason.
This is the bottom and I have that speculation too that is why my bitcoin will stay. Now, just waiting for the countdown to another rise.
It may be near but I am not sure. There will always be something that will pop up.

[Zalfa_mui]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

Yes I also think like that. Bitcoin will soon rise.Now is a good moment to buy bitcoin.I hope bitcoin will go up in the near future.

[joebrook]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

Maybe we are in the dip because we are currently in January and we all know that people don't usually spend during January especially when they spent all their money during the Christmas season, I am sure that after January not only Bitcoins but the other Alt Coins are going to pick up since they were all in a free fall.

[Forward_Thinking]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

bitcoin rose at the beginning because the people were so angry with the central banksters,

after the central banksters are gone, bitcoin will be dumped by the market, because it has no social mission and no social meaning, the people simply dump it. why preserve this waste of electricity.

Well, first, it will be a very long time until central banks go away. That might never happen. Second, Bitcoin has no mission because it is not an organization. It's a tool. Why do people keep any tool? Because they are using it for something.

Bitcoin is the most supported cryptocurrency and has no risk of going away until it is first removed from the top spot. So, no need to fear until then. In my opinion.

no central banks can quickly quicker collapse then you think, just check soviet union, or zarist russia,

no, cryptocurrencies that are decentral are becomming more and more like zombi style sects that push their agenda, people will vastly have to develop ways to oppose them, and check why they are valuable

as they are currently opposing central banks, and those enterpreneuers like trump that have access to the financial system and silently develop themselves income sources, while everybody else is trapped to sell his time to them.

Bitcoin has value. It is the base currency paired with almost everything. It's like the USD, it's under most of the crypto world. Until that stops, it's going to stick around.

But I do agree that is has lost popularity towards the end of 2017. Mostly that is because of ICOs. You can't hold ICO tokens and Bitcoin if you are buying ICOs with that Bitcoin. But still, Bitcoin is the most common base coin out there. Until that changes, it sticks around as along as crypto sticks around, and I think crypto is the future.

[Forward_Thinking]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

Maybe we are in the dip because we are currently in January and we all know that people don't usually spend during January especially when they spent all their money during the Christmas season, I am sure that after January not only Bitcoins but the other Alt Coins are going to pick up since they were all in a free fall.

Sure, that's all part of it too. I'm basing my analysis on the just the numbers, not the causes. The causes are really hard to track. But when you start to think about the causes, I do agree that Bitcoin grows, and so do many of the alts in 2018. The causes for the rise in 2017 are still there and are still gaining strength.

[Jet Cash]

bitcoin rose at the beginning because the people were so angry with the central banksters,

after the central banksters are gone, bitcoin will be dumped by the market, because it has no social mission and no social meaning, the people simply dump it. why preserve this waste of electricity.

Well I believe thart Bitcoin was created by the central bankers as an experimental project before the release of the Fedcoin. And that is why the growth limits were included in the basic system. In view of this, it is unlikely that the bankers will go. In fact I believe that they are increasing their investment in Bitcoin to further restrict its use.

[Forward_Thinking]

Since it went to below 11k dollars I always thought that is the deepest of bitcoin.
Why? Before it rose to fast that is the price it have.
That is my only reason.
This is the bottom and I have that speculation too that is why my bitcoin will stay. Now, just waiting for the countdown to another rise.
It may be near but I am not sure. There will always be something that will pop up.

I agree with you. I think it rose too fast in December and now it corrected, but it corrected too far and will rise from here. It will probably go up and down as it rises, but overall, I think we hit the bottom.

[Ais08]

My analysis shows Bitcoin's price is at the bottom and my analysis also shows a rise is coming. I can't figure out how much the shift to alts will reduce the rocket fuel, but I do see a rise coming soon.

Anyone see the same?

That also I agree with you. but we do not know when bitcoin prices rise again. at least. probably February at the end of the month. will be seen the bitcoin price increase we are looking for ..